Passing Assets on to Younger Generations
Surely you’d like to pass on more than your good looks. Leaving something for your children, loved ones or even friends, charities or associations is something we all desire to do, but there can be impacts on their taxation status or confusion if the process isn’t planned out in advance.
It will undoubtedly be a difficult time for your family and loved ones when you die. However, with sound estate planning from Menico Tuck Parrish, you can ease their burden by ensuring that your affairs are managed by someone you trust, your assets are transferred according to your wishes, and any tax liabilities are minimised.
It’s also important to protect your investments while you are still alive so that they don’t dwindle over time. That means having the right advice and insurance.